Spinnaker Trust

The Mainebiz "60 Ideas in 60 Minutes" CEO forum was held Wednesday morning at the Sheraton Sable Oaks in South Portland. About 160 people attended.

A roundup of new hires, promotions and achievements at businesses, nonprofits, professional services firms and health care institutions in Maine.

Whether you followed a step-by-step plan to climb the career ladder or you took a long, circuitous path to reach the leadership seat, our guest contributors recommend designing a strategic exit plan for yourself.

As more women control capital, they’re not only building their own portfolios but also breaking barriers in early-stage investing to support innovation and the next generation of women-led startups.

With ESOPs, once employees become vested in the company’s success, the organization’s prosperity becomes personal. They see work less as just a job and more like a place where they can build their careers, writes guest columnist Chris Whitney.

There are 6,548 ESOPs in the United States, holding more than $1.8 trillion in assets, according to the National Center for Employee Ownership.

Some of Maine’s best-known names in construction and manufacturing are ESOPs, including Cianbro, Sargent Corp., Reed & Reed, Haley Ward, Zachau Construction, Landry/French Construction, Knickerbocker Group, J.S. McCarthy Packaging and Printing, Woodex-MECO Industries and Lie-Nielsen Toolworks.

A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.

Spinnaker Trust, a Portland-based wealth management firm, has hired Tim Kaijala as vice president and deputy chief investment officer.

An inside look at how Jeff Zachau of Zachau Construction and Laura Pfeiffenberger of Spinnaker Trust worked together to create an employee stock ownership plan, or ESOP.